i2B Connect

i2B Connect is a web application designed to streamline and automate the procure-to-pay process for businesses of various sizes. According to the vendor, i2B Connect aims to enhance collaboration between buyers and suppliers, improve visibility, and automate key procurement processes. Targeting procurement professionals, supply chain managers, finance professionals, manufacturing companies, and retail companies, i2B Connect provides a cloud-based solution for managing suppliers and orders.

Key Features

Supplier Onboarding: According to the vendor, i2B Connect offers streamlined and automated supplier onboarding processes. The software allows users to tailor questionnaires for different types of suppliers and enables departments/users to review and score suppliers. The vendor claims that i2B Connect helps ensure suppliers adhere to policies and legislation.

Purchase Order Management: The vendor states that i2B Connect automates the creation and management of purchase orders, reducing manual errors and saving time and money. The software provides real-time visibility into the status of orders and enables communication and collaboration with suppliers.

Invoice Management: According to the vendor, i2B Connect automates the processing and verification of invoices. The software utilizes AI technologies to extract data from various invoice formats, achieving faster data entry. The vendor claims that i2B Connect enables 3-way matching of invoices, purchase orders, and goods received.

Supplier Collaboration: i2B Connect provides a central hub for communication and collaboration with suppliers, according to the vendor. Users can exchange messages, notifications, and alerts with suppliers. The software also allows for the sharing of documents, reports, and feedback. Automated communications with suppliers based on predefined rules are also possible.

Data Integration: According to the vendor, i2B Connect integrates data from ERP systems, providing real-time access to relevant data for buyers and suppliers. The software aims to improve data quality, accuracy, and transparency. Additionally, i2B Connect facilitates the exchange of documents, reports, and ratings with suppliers.

Visibility and Reporting: i2B Connect offers visibility into orders and invoices, according to the vendor. Users can monitor supplier performance based on KPIs and generate graphical analysis and reports for decision-making purposes. The software also maintains a record of actions for accountability and compliance.

Automated Reminders and Notifications: i2B Connect automates reminders for upcoming deadlines and expiring documents, and sends notifications for changes in orders or deliveries, according to the vendor. The software aims to improve communication efficiency and consistency.

Supplier Portal: The vendor states that i2B Connect provides suppliers with access to a secure online portal. Suppliers can view and respond to RFQs and purchase orders, upload documents, and complete questionnaires. The software aims to improve supplier relationships and self-service capabilities.

Integration with ERP Systems: i2B Connect integrates with major ERP systems such as SAP, Oracle, and Lawson M3, according to the vendor. The software extracts data from ERP systems on a specified frequency and uploads it into a secure 24x7 Oracle database for viewing in i2B Connect. The vendor claims that this integration ensures seamless data integration between ERP and i2B Connect.

Automated Procurement Processes: According to the vendor, i2B Connect automates administrative tasks such as sending purchase orders, reducing manual errors, and saving time and money. The software aims to improve efficiency and productivity in the procure-to-pay cycle, allowing users to focus on strategic activities.